EV TEST EQUIPMENT MARKET IS EXPECTED TO EXHIBIT SIGNIFICANT GROWTH OVER 2030

EV Test Equipment Market Is Expected To Exhibit Significant Growth Over 2030

EV Test Equipment Market Is Expected To Exhibit Significant Growth Over 2030

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EV test equipment market is anticipated to grow at a significant CAGR of 22.5% during the forecast period (2024-2031). EV test equipment is used to check the performance and safety of EV components, such as batteries and motors. This equipment helps ensure that automotive parts are reliable, safe, and meet customer expectations. The growing EV demand to drive the growth of the global market.

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The burgeoning popularity of EVs is the primary catalyst propelling the growth of the EV test equipment market. For instance, in the first quarter, over 2.3 million electric cars were sold, marking a 25.0% increase compared to the same period last year. Anticipated sales by the end of 2023 are projected at 14 million, representing a 35.0% year-on-year surge, with accelerated purchases expected in the second half of the year. Consequently, electric cars could comprise 18.0% of total car sales for the entire calendar year. Traditional testing methods designed for gasoline-powered vehicles are simply inadequate for the unique technologies employed in EVs. This necessitates the development and implementation of specialized testing procedures to ensure the safety, performance, and efficiency of these next-generation vehicles.  The surge in EV production across the globe has created a massive demand for a whole new set of tools, encompassing equipment to evaluate critical components like batteries and power electronics, as well as dedicated systems to assess overall vehicle safety and efficiency. As a result, the EV test equipment market is experiencing explosive growth to keep pace with the rapid adoption of electric vehicles.

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  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Market Segmentation

Global EV Test Equipment by Propulsion Type

  • BEV (Battery Electric Vehicle)

  • PHEV (Plug-In Hybrid Electric Vehicle)


Global EV Test Equipment by Vehicle Type

  • Passenger Car (Internal Combustion Engine)

  • Commercial Vehicle


Global EV Test Equipment by Application

  • EV component & Drivetrain

  • EV Charging

  • Powertrain


Regional Analysis

  • North America

  • United States

  • copyright

  • Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific

  • Rest of the World

  • Latin America

  • The Middle East & Africa


Company Profiles 

  • Arbin Instruments

  • Bitrode Corp

  • Comemso electronics GmbH

  • Crystal Instruments Corporation

  • Gantner Instruments

  • TEKTRONIX, INC

  • Unico, LLC.


The Report Covers

  • Market value data analysis of 2023and forecast to 2031.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the globalEV test equipment. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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